By Kristie Neo
This marks Vickers Venture Partners’ third investment in the artificial intelligence space.
Monetary Authority of Singapore-licensed Validus has financed more than 1,400 loans with approvals given out in under 24 hours.
Compared to Anthony Tan, Tan Hooi Ling is the lesser known co-founder of Southeast Asian ride-hailing major Grab.
It intends to use the proceeds for business expansion, entering new markets, IT investments and mergers and acquisitions.
FundedX aims to facilitate trading of shares in high-growth startups and privately-held companies in Southeast Asia.
The proceeds from the latest financing will be used for team expansion and product development, PopulStay founder and CEO Walter Wang said.
The latest fund will focus on investments in Expara’s core markets of Singapore, Thailand, Malaysia and Vietnam.
The $15 million funding will be able to support ZEN Rooms for the next 2.5-3 years, said co-founder and global managing director Kiren Tanna.
It has also forged a joint venture with the Japanese VC to tap the tremendous opportunities in the emerging AI space in Southeast Asia.
The offering includes the 269-room Crowne Plaza Hotel and management rights for the 104-room Gold Tower.